State Farm

OverviewSuggest Edit

State Farm (also known as State Farm Mutual Automobile Insurance Company) is a company providing insurance, banking, and financial services. It offers vehicle, home and property, life and health, disability, identity restoration, and liability insurance, as well as vehicle and home loans, checking and savings accounts, and credit cards. The company also provides retirement and IRA (individual retirement arrangement), mutual funds, educational savings, estate planning, and annuities solutions.
TypePrivate
Founded1922
HQBloomington, IL, US
Websitestatefarm.com
Employee Ratings3.7
Overall CultureC+

Latest Updates

Employees (est.) (Jun 2021)92,880
Revenue (Y, 2018)$81.7 B(+5%)
Cybersecurity ratingCMore

Key People/Management at State Farm

Michael Tipsord

Michael Tipsord

Chairman, President, and CEO
Charles K. Bobrinskoy

Charles K. Bobrinskoy

Director
Keith Block

Keith Block

Former Co-Chief Executive Officer
James Hackett

James Hackett

Director
Dan Arvizu

Dan Arvizu

Director
W. Steven Jones

W. Steven Jones

Director
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State Farm Office Locations

State Farm has offices in Bloomington, Atlanta, Duluth, Greeley and in 2 other locations
Bloomington, IL, US (HQ)
1 State Farm Plaza
Atlanta, GA, US
236 Perimeter Center Pkwy NE
Duluth, GA, US
P.O. Box 588002
Greeley, CO, US
P.O. Box 339404
Richardson, TX, US
1251 State St
Tempe, AZ, US
400 E Rio Salado Pkwy building 2
Show all (6)

State Farm Financials and Metrics

Summary Metrics

Founding Date

1922
Show all financial metrics

State Farm Revenue

State Farm's revenue was reported to be $81.73 b in Y, 2018 which is a 4.3% increase from the previous period.
USD

Revenue (Y, 2018)

81.7b

Revenue growth (Y, 2017 - Y, 2018), %

4.3%

Net income (Y, 2018)

8.8b
USDY, 2015Y, 2016Y, 2017Y, 2018

Revenue

75.7b76.1b78.3b81.7b

Revenue growth, %

1%3%4%

Net Income

6.2b350.3m2.2b8.8b
USDY, 2015Y, 2016Y, 2017Y, 2018

Total Assets

241.2b256.0b272.3b272.5b

Total Equity

82.7b87.6b97.0b100.9b

Financial Leverage

2.9 x2.9 x2.8 x2.7 x
USDY, 2015

Revenue/Employee

1.1m

Financial Leverage

2.9 x
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State Farm Operating Metrics

Jun, 2018Sep, 2018Jun, 2019

Agents

19 k19 k

Bank Accounts Served

2 m2 m

Policies Served

81 m81 m

Policies per Employee

1.2 k
Show all operating metrics

State Farm Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

SecurityScorecard logo

State Farm Online and Social Media Presence

Embed Graph

State Farm Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    D+

    61/100

  • Compensation

    B-

    68/100

  • Diversity

    C+

    65/100

Learn more on Comparably

State Farm News and Updates

State Farm signs with Fiserv

State Farm, the largest insurer of cars and homes in the nation, is accelerating the claims payout process for customers with technology from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions.

State Farm Bureaus Celebrated for Outstanding Member Programs and Achievement

The American Farm Bureau Federation presented awards to state Farm Bureaus at the organization’s Virtual Convention , which runs through Jan.read more

All Kids Bike Receives $25,000 Grant from State Farm Neighborhood Assist

Thousands of NYC kindergartners will learn to ride a bike in PE class Thousands of NYC kindergartners will learn to ride a bike in PE class

Contractors Insurance Market Players Analysis: Nationwide, State Farm, Allianz, AIG, Tokio Marine, Berkshire Hathaway, AXA

Latest Industry Research: Covid-19 Impact on Global Contractors Insurance Market Size, Status and Forecast 2020-2026 Posted via Industry Today. Follow us on Twitter @IndustryToday

$2 billion Lemonade is gearing up for an IPO. Here's why analysts aren't convinced it can successfully challenge State Farm and Allstate

Lemonade is the latest SoftBank-backed company that's trying to go public, filing for an IPO earlier this month. The fledgling insurance company has some things in common with WeWork, the SoftBank-backed coworking company that had to abandon its planned IPO last fall in the face of investor resist…

How State Farm took a new Alexa-enabled app for seniors from its internal innovation lab to a new company devoted to elderly care in one year

Many top corporations have internal innovation labs, but moving new products of features through those centers remains difficult.  State Farm is gearing up to launch a new, Alexa-enabled application for seniors that came out of its own innovation center.  To amplify the launch and future products,…
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State Farm Frequently Asked Questions

  • When was State Farm founded?

    State Farm was founded in 1922.

  • Who are State Farm key executives?

    State Farm's key executives are Michael Tipsord, Charles K. Bobrinskoy and Keith Block.

  • How many employees does State Farm have?

    State Farm has 92,880 employees.

  • What is State Farm revenue?

    Latest State Farm annual revenue is $81.7 b.

  • What is State Farm revenue per employee?

    Latest State Farm revenue per employee is $880 k.

  • Who are State Farm competitors?

    Competitors of State Farm include Farmers Insurance, Berkshire Hathaway and Progressive Insurance.

  • Where is State Farm headquarters?

    State Farm headquarters is located at 1 State Farm Plaza, Bloomington.

  • Where are State Farm offices?

    State Farm has offices in Bloomington, Atlanta, Duluth, Greeley and in 2 other locations.

  • How many offices does State Farm have?

    State Farm has 6 offices.